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Renovated Office Space Near Fulton Market
For Lease
$12 SF/Yr

1419 W Carroll Avenue, Chicago, IL 60607

4,085 sq ft office space near Fulton Market.

Space SizeContact for details
Days on Market854

Property Features for 1419 W Carroll Avenue

General Information

Standard status Active
Property subtype Commercial

Amenities

Central air
Partial Cooling

Building Details

Year Built 1947
Listing Agency: STRAUSS REALTY LTD
Listed By: ADAM SCHNEIDERMAN · License #475149601
Source: Corcoran
Added: Apr 23, 2024 Changed: Aug 8 Last Checked: Aug 8 at 4:43AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of STRAUSS REALTY LTD

Investment Insights

Based on property information with market context.

This 4,085 square foot office space is located one block west of Fulton Market. The property, situated on the second floor, was renovated in 2010, with updates including a new roof, HVAC system, windows, masonry, and bathrooms. The space benefits from an abundance of natural light. It includes two parking spaces. The location provides convenient access to transportation, being less than one mile from both I-90/94 and I-290, and minutes from Chicago's Central Business District. The property is offered for lease As-Is.

Key Highlights

  • Lowest rental rate in the area.
  • 4,085 sq ft office space.
  • Includes 2 parking spaces.

Property Analytics

Current Use

USPS Distribution Center Government Office

Suggested Use

Top Pick Auto Parts Store Veterinary Clinic Nursing Home Grocery & Convenience Store (Bike/Boat/Book/etc) Store Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$1.80 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

5,555
Businesses Nearby

Demographics for 60607, IL

31,816
Population
16,540
Households
1.9
Avg Household Size
31
Median Age
81%
College-Educated
97%
High-School Grad
2.3 sq mi
ZIP Area
13,833
Density / Sq Mi
$126,307
Median Household Income
$79,870
Median Earnings
$2,333
Median Rent
$494,300
Median Home Value

Market

Lease Benchmarks for Chicago, IL

$29.78 /SF/Yr
Avg Asking Price
$7–$133 /SF/Yr
Price Range
14,248 SF
Avg Space Size

This space is priced 60% below the average of $29.78 /SF/Yr.

Vacancy Rate% for Office in Chicago, IL

17.9% 2019
19.2% 2020
20.7% 2021
23.1% 2022
23.3% 2023
25.1% 2024
25.6% 2025
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Frequently Asked Questions

What type of property is this?
Office units - 4,085 sq ft office space near Fulton Market.
Where is this office units located?
The property is located at 1419 W Carroll Avenue Chicago, IL.
What is the lease rate?
The lease rate is $12 SF/Yr.
What are key features of this property?
This property features: Lowest rental rate in the area.; 4,085 sq ft office space.; Includes 2 parking spaces.
More about this property
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